|LATEST 2026/2027 UPDATE|GRADED A+
Question 1
Calvin has qualifying health insurance coverage (also known as minimum essential
coverage) as defined under the Affordable Care Act.
CORRECT ANSWER
True
Question 2
Calvin and Betty may need to make a shared responsibility payment on their joint return if
they don't qualify for an exemption.
CORRECT ANSWER
True
Question 3
Who can claim the American opportunity credit?
CORRECT ANSWER
Dana can claim the credit because Tom is her dependent.
Question 4
Dana's most advantageous allowable filing status is:
CORRECT ANSWER
Head of Household
1
@THE STUDY VAULT
, Question 5
Who can Bob claim as a qualifying child(ren) for the earned income credit?
CORRECT ANSWER
Bob can claim Sara, but not Joan.
Question 6
Who can claim Sara as a dependent?
CORRECT ANSWER
Joan can claim Sara because she is Sara's mother. (Wrong)
Question 7
Will may claim R.J. as a dependent on his tax return.
CORRECT ANSWER
True
Question 8
Is Will able to claim R.J. as a qualifying child for the earned income credit (EIC)?
CORRECT ANSWER
No, because Will has an ITIN.
Question 9
2
@THE STUDY VAULT
Question 1
Calvin has qualifying health insurance coverage (also known as minimum essential
coverage) as defined under the Affordable Care Act.
CORRECT ANSWER
True
Question 2
Calvin and Betty may need to make a shared responsibility payment on their joint return if
they don't qualify for an exemption.
CORRECT ANSWER
True
Question 3
Who can claim the American opportunity credit?
CORRECT ANSWER
Dana can claim the credit because Tom is her dependent.
Question 4
Dana's most advantageous allowable filing status is:
CORRECT ANSWER
Head of Household
1
@THE STUDY VAULT
, Question 5
Who can Bob claim as a qualifying child(ren) for the earned income credit?
CORRECT ANSWER
Bob can claim Sara, but not Joan.
Question 6
Who can claim Sara as a dependent?
CORRECT ANSWER
Joan can claim Sara because she is Sara's mother. (Wrong)
Question 7
Will may claim R.J. as a dependent on his tax return.
CORRECT ANSWER
True
Question 8
Is Will able to claim R.J. as a qualifying child for the earned income credit (EIC)?
CORRECT ANSWER
No, because Will has an ITIN.
Question 9
2
@THE STUDY VAULT